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NFL's Washington Commanders agree to sell the team to group led by Josh Harris | CNN Business

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Dan and Tanya Snyder agreed to sell the Washington Commanders franchise to a group led by Josh Harris on Friday, according to a statement from from the team and the investment group.

The group also includes NBA legend Magic Johnson as well as Mitchell Rales, the billionaire co-founder of conglomerate Danaher. The agreement is still subject to NFL approval, the statement said. “We look forward to the prompt completion of this transaction and to rooting for Josh and the team in the coming years,” a statement from the Snyders said.

“We look forward to running a world-class organization and making significant investments on and off the field to achieve excellence and have a lasting and positive impact on the community,” Harris said in a statement on behalf of the ownership group. Snyder first purchased the team, which was then known as the Washington Redskins, for a reported $750 million in 1999. It became the Commanders’ last year after long criticism for the name.

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